Global Silicates Market - the Import Value Almost Doubled in the Past Five Years Due to Price Increases - Global Trade Magazine
  May 24th, 2020 | Written by

Global Silicates Market – the Import Value Almost Doubled in the Past Five Years Due to Price Increases

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  • In 2018, the average double or complex silicates import price amounted to $2,084 per tonne, rising by 4.2%.
  • In value terms, double or complex silicates imports amounted to $843M (IndexBox estimates) in 2018.
  • The most prominent rate of growth was recorded in 2017 when imports increased by 38% year-to-year.

IndexBox has just published a new report: ‘World – Double Or Complex Silicates – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global double or complex silicates market revenue amounted to $1.9B in 2018, approximately reflecting the previous year. he market value increased at an average annual rate of +4.1% from 2014 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017 when the market value increased by 9.8% y-o-y. Over the period under review, the global double or complex silicates market reached its maximum level in 2018 and is likely to see gradual growth in the near future.

Global Silicates Imports 2014-2018

Global imports totaled 404K tonnes in 2018, picking up by 4.2% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2014 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015 with an increase of 11% year-to-year. The global imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, double or complex silicates imports amounted to $843M (IndexBox estimates) in 2018. Over the period under review, the total imports indicated a strong expansion from 2014 to 2018: its value increased at an average annual rate of +2.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates imports increased by +78.7% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% year-to-year. Over the period under review, global double or complex silicates imports hit record highs in 2018 and are likely to see gradual growth in years to come.

Imports by Country

Germany (47K tonnes), the U.S. (38K tonnes) and Japan (31K tonnes) represented roughly 29% of total imports of double or complex silicates in 2018. France (20K tonnes) held the next position in the ranking, followed by the Netherlands (20K tonnes). All these countries together held near 9.8% share of total imports. The following importers – Indonesia (17K tonnes), the UK (17K tonnes), Poland (16K tonnes), Austria (16K tonnes), China (13K tonnes), Peru (12K tonnes) and Italy (10K tonnes) – together made up 25% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S. (+83.6% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates importing markets worldwide were Germany ($143M), the Netherlands ($103M) and the U.S. ($90M), with a combined 40% share of global imports. France, Poland, the UK, Japan, China, Italy, Indonesia, Austria and Peru lagged somewhat behind, together comprising a further 35%.

Import Prices by Country

In 2018, the average double or complex silicates import price amounted to $2,084 per tonne, rising by 4.2% against the previous year. Over the period under review, the import price indicated a remarkable expansion from 2014 to 2018: its price increased at an average annual rate of +12.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates import price increased by +61.0% against 2014 indices. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The global import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($5,276 per tonne), while Peru ($569 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform